Palm trees, sand and sunshine are the luxuries of working in Miami. The state receives 1.3 billion dollars through high tech companies and is always looking out for skilled professionals to fill places.
More than 28,000 technology and IT services Miami companies consider Florida to be a success story. Florida is known to be the rocket stand for IT startups when it witnessed the birth of companies like IBM PC in Boca Raton. Florida is undoubtedly America’s third-largest and the most wide-reaching IT industry.
If you’re looking to open a business in the IT hub of America, here is why you are going to have an upper edge over the others.
Amazing Business Climate
Miami will reward your company with at most financial status. Other than that, the state has laws which does not impose a compulsory tax structure, government policies and competitive costs. Florida is among the states for flourishing business due to its pro-business state tax policies, the competitive cost of doing business with a tinge of a very well-regulated business atmosphere. The state boasts a hospitable business climate and viable advantages.
The world’s most voluminous multi-modal transportation system is owned by Miami. This means, it owns international airports, deepwater shipping ports, extensive highway and rail networks and multiple hubs allowing for high-speed data transmission from around the U.S. to Europe, Latin America and Africa.
According to Enterprise Florida, “Florida is connected to the world in every possible way”. From strong cultural and trade connections with Latin America to unparalleled global reach via its ports and airports and its leadership in the nascent space travel industry, Florida is the true macro-hub for business.
The state is also accepted as one of the top five telecom hubs in the world. The switching stations which have been opted for increasing internet traffic is very good.
A Prolonged Business-Life
In Florida, a corporation is sturdier legally and financially even if the ownership is taken over or shifts due to numerous reasons. An unincorporated business may also suffer if the sole proprietor or a member of the partnership is undergoing any type of personal legal and financial issues.
When it comes to markets of Florida, small business does not really reach the shutdown point at any time. They either enjoy normal profits or excess profits. There are very few cases where the companies have reached the shutdown point. The corporation is able to continue on because it’s run by the shareholders and the elected Board of Directors. No company in Florida is dependent on the founder or the individual owner.
Great Quality of Life
People actually experience work-life balance in the state that’s known for its weather-beaten environment, recreation and culture. The cost of living is so affordable that it allows you to enjoy your fulfilling city-life.
Miami Beach has the most vibrant night-life while, suburbs such as Key Biscayne, Coral Gables and Doral are popular locations for growing families. Miami’s population is very accepting of non-traditional families, as well. With one of the most outspoken LGBTQ communities in the country, Miami plays host to some of the nation’s greatest pride celebrations.
When not partying, Miami residents may be found taking advantage of their coveted weather and spending time relaxing on the beach or enjoying nearby natural areas, like the Biscayne National Park and the Everglades.
Tax rates in Miami
The tax rate in Miami is very friendly when it comes to business. The cash flow, Debt-to-income ratio and other data have been analyzed which showed that over 30,000 startups have been launched.
If you have what it takes and are willing to do hard work, then Miami will work like a magical boost for you and your business dreams.